Simpson Thacher is representing affiliates of KKR in connection with their acquisition of Dawsongroup plc (“Dawsongroup”), a leading independent asset leasing business headquartered in the UK, from the Dawson family and other existing shareholders. The transaction is subject to receipt of regulatory approvals. Financial terms of the transaction were not disclosed.
Dawsongroup is a sector leader in asset leasing, including vehicles and refrigerated boxes, with a broad and integrated business model that involves the customisation of assets to customer specification as well as maintenance and repairs. It has developed a solid platform with first-rate supplier relationships, a diversified customer base, and employs over 1,150 employees across 11 countries.
The acquisition of Dawsongroup will be made as part of KKR’s Global Climate strategy, dedicated to scaling net-zero solutions and transitioning and decarbonising higher emitting assets.
The Simpson Thacher team includes Amy Mahon, Paul Foote, Jenny Leung, Tory Hansen, Diogo Morgado Filipe, Oliver Heighton and Neha Goyal (M&A); Sarah Lindley, Oliver Rosshandler and Sefia Jivraj (Tax); Étienne Renaudeau, Pauline Patat, Luke Cowdell and Alysha Hoare (Antitrust); and Nick Westbrook, Camilla Gelson-Thomas and Christian Bond (Data Protection).